Infrastructure software stocks with the highest free cash flow yield

Ranked

121

of 206 infrastructure software stocks we cover

Median

4.9%

Highest

39.5%

MYPS

Range

0.3% to 39.5%

#	Company	FCF yield	PE	Revenue growth (TTM)	Market cap
1	MYPSPLAYSTUDIOS	39.5%	n/m	−13.3%	$45.6M
2	CCLDCareCloud	30.3%	25.3×	+15.1%	$75.2M
3	GTMZoomInfo Technologies	28.3%	n/m	+2.7%	$1.3B
4	DHDefinitive Healthcare	24.8%	n/m	−5.0%	$115.3M
5	MBLYMobileye Global	23.5%	n/m	+5.0%	$1.7B
6	TDCTeradata	22.7%	n/m	+1.0%	$3.2B
7	INSEInspired Entertainment	20.9%	n/m	−6.5%	$83.6M
8	CRNCCerence	20.8%	n/m	+25.8%	$377.2M
9	MRDNMeridian	18.7%	n/m	+14.1%	$131.1M
10	CCSIConsensus Cloud Solutions	16.8%	7.6×	+1.5%	$686.6M
11	PRGSProgress Software	16.8%	n/m	+6.4%	$1.9B
12	MKTWMarketwise	15.4%	21.6×	−11.3%	$297M
13	RPDRapid7	14.4%	48.1×	+0.1%	$1B
14	EGANEGAIN	13.8%	17.8×	+3.1%	$148.7M
15	BLKBBlackbaud	13.1%	17.4×	+0.7%	$2.5B
16	LDOSLeidos	12.7%	12.7×	+3.4%	$17.1B
17	NTWKNetsol Technologies	12.6%	31.4×	+12.5%	$93.9M
18	OTEXOpen Text	11.9%	10.8×	+1.5%	$6.8B
19	GDDYGoDaddy	11.9%	16.7×	+7.4%	$14.3B
20	DBXDropbox	11.2%	21.0×	−0.0%	$8.5B
21	ASURAsure Software	11.0%	n/m	+24.3%	$212.6M
22	IIIVi3 Verticals	10.9%	54.3×	−0.4%	$457.2M
23	GENGen Digital	10.4%	14.5×	+20.2%	$14.9B
24	SAICScience Applications International	10.1%	17.0×	−0.8%	$6.1B
25	MQMarqeta	10.1%	171×	+22.4%	$2B
26	BILLBill.com	9.5%	n/m	+13.0%	$4.3B
27	TLSTelos	9.3%	n/m	+65.9%	$364M
28	PDPagerDuty	9.2%	n/m	+2.3%	$1.4B
29	NTCTNetscout Systems	9.1%	24.2×	+5.8%	$2.9B
30	BLBlackline	8.7%	62.1×	+8.6%	$2B
31	XYZBlock	8.5%	137×	+5.1%	$45.9B
32	YOUClear Secure	8.3%	30.9×	+19.8%	$6.1B
33	CXMSprinklr	8.2%	66.9×	+6.3%	$1.6B
34	DOCUDocusign	7.5%	52.0×	+8.6%	$15.9B
35	NABLN-able	7.3%	n/m	+10.1%	$967.2M
36	AKAMAkamai Technologies	7.1%	33.6×	+5.9%	$13.4B
37	CCCCCC Intelligent Solutions	6.8%	95.9×	+11.6%	$4.5B
38	CMRCCommerce.com	6.6%	n/m	+2.8%	$295M
39	WYYWidepoint	6.6%	n/m	+9.7%	$68.1M
40	BOXBox	6.6%	62.6×	+9.6%	$5.9B
41	SPTSprout Social	6.5%	n/m	+11.8%	$779.2M
42	EVCMEverCommerce	6.4%	51.3×	+4.2%	$1.6B
43	CPAYCorpay	6.1%	24.9×	+20.4%	$26.8B
44	DUOLDuolingo	6.1%	n/m	+29.4%	$6.7B
45	ALRMAlarm.com	6.0%	29.0×	+8.7%	$3.1B
46	SPSCSPS Commerce	6.0%	44.7×	+9.8%	$3.3B
47	PSNParsons	5.9%	33.8×	−5.8%	$5.2B
48	FRSHFreshworks	5.8%	24.2×	+15.6%	$4B
49	AEYEAudioeye	5.7%	n/m	+9.8%	$101.6M
50	IDNIntellicheck	5.7%	16.3×	+16.7%	$49.5M
51	CACICaci International	5.6%	26.3×	+10.9%	$14B
52	ACIWACI Worldwide	5.5%	25.6×	+7.0%	$5.6B
53	BANDBandwidth	5.4%	n/m	+9.3%	$1.4B
54	OSPNOneSpan	5.4%	11.4×	+2.4%	$744M
55	NCNOnCino	5.4%	77.2×	+8.6%	$2.4B
56	TENBTenable	5.4%	n/m	+9.9%	$4.9B
57	XZOExzeo	5.3%	17.1×	+21.8%	$1.5B
58	PCTYPaylocity	5.3%	35.8×	+11.0%	$9.4B
59	KLTRKaltura	5.1%	n/m	−0.2%	$219.7M
60	CERTCertara	5.1%	n/m	+3.8%	$1.6B
61	PATHUiPath	4.9%	21.1×	+15.0%	$7.4B
62	QTWOQ2	4.9%	49.6×	+13.9%	$4.3B
63	PAYCPaycom Software	4.6%	29.2×	+9.2%	$12.4B
64	BLZEBackblaze	4.6%	n/m	+13.9%	$516.2M
65	KDKyndryl	4.6%	41.0×	−0.6%	$3.2B
66	ASANAsana	4.5%	n/m	+9.5%	$2.8B
67	TYLTyler Technologies	4.5%	51.7×	+8.2%	$16B
68	WAYWaystar	4.5%	41.2×	+19.2%	$5.5B
69	PTCPTC	4.4%	18.9×	+19.5%	$21B
70	NTNXNutanix	4.4%	13.7×	+12.4%	$19.1B
71	WKWorkiva	4.3%	103×	+19.7%	$4.7B
72	KVYOKlaviyo	4.2%	n/m	+28.9%	$6B
73	QLYSQualys	4.2%	37.5×	+10.4%	$7.5B
74	BSYBentley Systems	4.2%	43.6×	+12.8%	$12B
75	INTAIntapp	3.9%	n/m	+14.6%	$3.7B
76	VRSNVeriSign	3.9%	32.6×	+6.9%	$27.1B
77	FFIVF5	3.8%	36.3×	+9.4%	$25.8B
78	ALKTAlkami Technology	3.7%	n/m	+27.1%	$1.7B
79	CVLTCommvault Systems	3.7%	108×	+15.5%	$7B
80	PCORProcore Technologies	3.6%	n/m	+15.4%	$9.6B
81	APPFAppfolio	3.6%	48.1×	+20.7%	$7.5B
82	SNPSSynopsys	3.3%	76.0×	+46.3%	$82.4B
83	DTDynatrace	3.1%	128×	+17.9%	$18.5B
84	TOSTToast	3.0%	41.4×	+23.0%	$18.9B
85	RBBNRibbon Communications	2.9%	17.5×	−7.6%	$250.4M
86	AVPTAvePoint	2.9%	51.6×	+25.0%	$3.5B
87	MANHManhattan Associates	2.9%	68.2×	+6.5%	$13.9B
88	ZETAZeta Global	2.6%	n/m	+35.9%	$8.5B
89	OKTAOkta	2.6%	128×	+11.2%	$37.2B
90	RDVTRed Violet	2.6%	71.5×	+20.2%	$1.3B
91	COURCoursera	2.5%	n/m	+22.7%	$1.3B
92	GWREGuidewire Software	2.4%	117×	+22.7%	$15.5B
93	WEAVWeave Communications	2.4%	n/m	+16.7%	$592M
94	INLXIntellinetics	2.4%	n/m	−5.5%	$19.8M
95	AGYSAgilysys	2.4%	79.9×	+14.4%	$3.4B
96	FTNTFortinet	2.4%	63.4×	+18.8%	$132.1B
97	GDYNGrid Dynamics	2.3%	433×	+8.6%	$701.7M
98	GTLBGitLab	2.3%	n/m	+23.0%	$9.4B
99	MDBMongoDB	2.2%	n/m	+25.5%	$29.9B
100	VRNSVaronis Systems	2.2%	n/m	+15.6%	$5.6B

The first 100 of 121.

Not ranked: 34 with no positive free cash flow, 16 with not a meaningful number, 3 with a yield above 40% (usually a one-off). 31 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.